Deciding when to retire is always a challenge. Did I save enough, have I planned for emergencies, will money last till I die? Sometimes you just need to have faith you've thought everything through and jump in. I would rather be worrying about money 20 years from now than post-pone retirement and die in the next 10 years. Great video as always.
@retirementcorner
27 күн бұрын
Exactly!! You can always fix retiring too early but you can never fix retiring too late. Said exactly that before I retired. Seen too many wait too long and I didn't want to be like that. Thanks. Steve
@rayanderson3164
Күн бұрын
I got to watch you leading up to it. Expenses are everything and you have always had a good bead on those. Frankly, it has added to my determination to get out at 55 this next February. God bless Steve.
@timarnold9476
28 күн бұрын
"Day I left work, I retired! I didn't get stupid"😂 With your permission I'd like to use that in some of my conversations! God bless you Steve.
@retirementcorner
27 күн бұрын
Feel free. True statement. If I need $100 I'll figure out how to get it just like I did at 30. Of course I'm not the ball of fire I was then so it might be a little harder but it will get done.😁 Take care. Steve
@Poppy-df1pi
28 күн бұрын
Steve, I really like watching your videos. My granddaddy told me one time “Don’t let your wants hurt you”. I’ve always remembered that advice and you have to be satisfied with the small things in life and as the old saying goes “don’t try to keep up with the Jones”. Thanks for sharing!
@retirementcorner
27 күн бұрын
Heard the same things for years. Always in the back of my mind. There is a lot of truth to those old sayings. Must be why I'm like I am. Thanks and take care. Steve
@davidatkinson5396
28 күн бұрын
Cool autumn evenings, the local fair and funnel cakes…sounds like an ideal retirement to me. After spending so many years “performing” in my business role I’m more than happy being a homebody. I love hanging out with my wife and reflecting on life. Sure beats going to the office each morning. Take care!
@roibee1776
28 күн бұрын
Definitely agree with your statement about hanging out with the wife and each day of retirement beats going to the office each morning!
@retirementcorner
27 күн бұрын
Fairs, small town festivals etc. are a great time. We enjoy going whenever we get the chance. After the busy, hectic working life kicking things down a notch is wonderful.Last night we had a little fire in the fire pit for a couple hours just relaxing after dinner. I had cut grass yesterday and had a lot of twigs I picked up from the yard and had to get rid of them. With fall coming on there will be a lot more evenings like that. Just a nice way to end the day. Sure beats going in for sure. Thanks. Steve
@lynnhovater1567
28 күн бұрын
Such a difficult decision. Hubby and I are content. Love not having to go to work. We still are frugal with our spending and live a simple life. Thankful everyday for each other and our pension. I always enjoy your videos! Have a great week!😊
@retirementcorner
27 күн бұрын
It can be. Once we did these things and a couple others it made my decision a little easier. We'll always be mindful of our spending but like Y'all we're content and have a great life we believe. Thanks and take care. Steve
@52CA
28 күн бұрын
I totally agree that anybody I’ve ever known retired didn’t go anywhere. They just hung around close. Today all this talk about travel to Europe and the such. That’s for rich people. Even travel around the US isn’t on my radar. I’m just glad I don’t have to get up everyday and go work for the man.
@retirementcorner
27 күн бұрын
That's the kind of retirement I knew and wanted. I don't mind going off somewhere, just nowhere I want to go bad enough. I've got other things I'd rather do. Glad to hear you're enjoying your retirement. Thanks. Steve
@lulucly
28 күн бұрын
Glad I’m retired and all is pretty much going to plan! It’s not a luxurious retirement but I never expected it to be. I’m satisfied and it doesn’t get any better than that!!
@retirementcorner
27 күн бұрын
Same here. It will never be a "Made for TV movie" but we love it. That's what counts. Take care. Steve
@gisteve32
28 күн бұрын
Great advice Steve. I love your channel and you give me great confidence to pull the retirement trigger. I am going out on 31 December 2024; I've just had enough at 60 years of age. My original plan was to work until age 62 but I will just "figure it out", as you say, just like I have always done in life. I am looking forward to Cow Bell Tuesday when I retire. Thank you my brother and good luck to you and your family. God Bless!
@retirementcorner
27 күн бұрын
If you've done the hard work to be able to retire and had things looked over you should be just fine. I figured I could but I just don't know enough about it so that double check helped me a lot. So Glad I did now. Congrats on your upcoming retirement. You'll be in the first class of the "voluntarily unemployed" for 2025. First Tuesday in Jan. the bell will be ringing. Take care and all the best to you. Steve
@RetiredLovingIt
27 күн бұрын
Retirement is a whole new ballgame. It’s a leap of faith for sure. We have no regrets
@retirementcorner
26 күн бұрын
It definitely is. That's why I got as much help as I could with the rules of the game. Eased my transition and our concerns. Take care. Steve
@swamprat9018
28 күн бұрын
yeah I'm a nervous nelly looking at 57 coming up and really want to be gone. Insurance and taxes are my biggest hold ups. I made the goal and now just working some padding incase I want to take a trip sometime, cause I know I'll be spending more in retirement the first few years because I will have more time doing stuff.
@retirementcorner
26 күн бұрын
It's can be a nervous time but once we got a couple months into it things started settling down. You're right about spending with the free time doing things. Easy to do and you don't realize it. Last year we made an effort not to. This year not so much. We've gotten comfortable and learned we can spend as long as we don't get crazy. Smart to keep padding before you go. Good for you. Thanks. Steve
@1971_Chevelle_SS
28 күн бұрын
Retired at 53 in 2020, didn’t really do any pre planning. Had all I could stand, knew it was time to go, fortunately it’s been good so far. Being debt free is the key, having some savings and 401k / pension funds for setting up an IRA I use Obama care for health insurance and did the 72T to get the tax penalty free distributions from my IRA. Like Steve mentioned 2022 was rough on the portfolio, but’s been good otherwise. I’d originally planned to work to at least 59-1/2, so worried a bit retiring sooner, thought I might need to find another job, but so far the numbers have worked out. Might have retired even sooner if I’d had done some pre planning and realized I could make ends meet financially.
@retirementcorner
27 күн бұрын
Kind of the way I went about it also. I call it "Accidental FIRE". I had just started to plan for retirement when I'd had enough and decided to see if I could or not. Ended up I could so I did. Just like you 401k, IRA,savings and a small pension add in a basic lifestyle and BOOM it was possible. I was fortunate in '22 and lost very little so the possibilities of '23 didn't really change my decision. Also thought about a part time job ended up not getting one. So far so good. Retirement is great. Take care. Steve
@keith-pz3uj
28 күн бұрын
Mr. Steve. Thank you for the encouragement!!!!
@retirementcorner
27 күн бұрын
It can be a scary decision but so glad I made it. Retirement takes a little while to adjust but once you do it can't be beat. Take care. Steve
@johnd4348
22 күн бұрын
I have know several people who put off retiring just to have more saved only to die a year or two after they retired. They could have retired sooner. Who knows if they had retired early they many have lived longer due to less stress.
@retirementcorner
22 күн бұрын
I've seen them put it off and never make it also. Just a shame and I didn't want that for me so I got when I could. Take care. Steve
@jimrinard1969
14 күн бұрын
This is my story too. Amazing how similar we are. I retired in July at 55 years old. I’m telling my story too.
@retirementcorner
13 күн бұрын
I've caught a few of your videos. Had no idea you watched any of mine. You've got a great channel and lots of good info that can help others get an idea of what retirement is really like. Swing shift, retired 55 you, 57 me, Griddle cooking etc. quite similar. You've got a great story and way of speaking. Will be a great resource for people. Thanks for watching and take care. Steve
@jimrinard1969
13 күн бұрын
@@retirementcorner thank you Steve. I appreciate your support. I just found your channel a couple days ago.
@OurRetireEarlyJourney
26 күн бұрын
We are going to try to retire 18 & 20 years before we plan on taking Social Security. It seems like a lifetime away so we are heavily saving & investing to ensure we have enough. Live within or below our means is the plan!
@retirementcorner
26 күн бұрын
That's some serious gap time there. No way I could have done that but you both are doing great. You've made a plan and acting on it. A lot never do. You're way ahead of me at your age. Always saved /invested but never thought about retirement till 55. Had a good base to retire with just not setup correctly and could have done better if I'd thought about it as good as Y'all have. Living within and below your means goes a long way. Good for you. Take care and keep plugging. Steve
@OurRetireEarlyJourney
26 күн бұрын
@@retirementcorner Thanks Steve! Doing our best to keep our eye on the prize.
@johnd4348
22 күн бұрын
No big trips or purchases planned when I retire. I am going to go out to eat and have a nice steak, maybe some sea food.
@retirementcorner
22 күн бұрын
We didn't even do that. Just like any other day for me the day I retired. 2 years later and still haven't celebrated any kind of way. Take care. Steve
@MyBackyardScience
28 күн бұрын
Im going through the process. I need at least one more review by someone other than myself, first advisor, and my fidelity retirement calculator to do the final convincing. 😀
@mikemiller3428
28 күн бұрын
I'm with you!
@retirementcorner
27 күн бұрын
It took a lot of convincing for me to be confident. After my reviews confirmed my suspicion it helped a lot with my concerns. Best of luck. I'm pulling for you. Take care. Steve
@carlamckenzie3521
18 күн бұрын
We were so prepared and it still was very scary! Now I wonder what all the worry was about! Hahaha
@retirementcorner
16 күн бұрын
Funny how that works. Same way we were and it turns out there wasn't any need to be. Take care. Steve
@barryhamilton7499
28 күн бұрын
Great video and advice. Keep things simple and don't get caught up with everyone else's issues. Enjoy your channel, Steve.
@retirementcorner
27 күн бұрын
Pretty much sums us up. I found the simpler things are the harder for me to screw up.😁 Take care. Steve
@markwiderberg4136
27 күн бұрын
Thank you for the encouragement Lord knows I could use your wise words of experience today! God Bless
@retirementcorner
26 күн бұрын
It can be a time of deep concern. I just took one concern at a time(ex. insurance, taxes etc.) then moved to the next. Got help when I need to and retired. Eased a lot of our concerns. So far retirement has turned out great. Take care. Steve
@b.coxemba6799
27 күн бұрын
I retired two months before turning 52 in 2021. So 10 years before collecting social security. I had no problem deciding to retire. I had 2 garentee pensions. We had no debt. Knowing I can touch my retirement savings without additional fees as a Department of Justice employee helped. We had over stock our emergency fund. Which we never touched so far. I had courage with a master’s degree and years of experience if I needed to start back earning income. Discretionary income exceeded my expectations even with inflation. We always lived below our means.
@retirementcorner
26 күн бұрын
That's great. You had a nice setup and plan going forward. I could have learned a lot from you when I was younger. I never really thought about retirement till just before I retired and could have done a lot of things different. Ended up retiring and rolling with the punches. So far things are better than expected. thanks. Steve
@peterroper7471
16 күн бұрын
Just became a new subscriber, Buzz’s retirement garage talked about you so I decided to check you out this video is the first I’ve seen of you, I’ll be checking out the others now, I’ve not yet retired but it’s coming soon, on long term disability for now after defibrillator, under review about return to work but at 65 + … ?
@retirementcorner
14 күн бұрын
Thanks for becoming a sub Peter. Buzz is good people and I love watching his channel. Heart problems run in my family but I never knew someone that had a defibrillator. Got to be hard on you. Especially at 65+, we just don't recover as well as we once did.You're probably awful close to FRA and can get medicare so these will be a big help if you decide to retire. I'm not very good at getting my point across on these videos so if there is anything I'm not clear about just let me know and I'll do my best. Just talking about how my retirement has gone the good, bad and ugly. Thankfully mostly good so far. I did a playlist where I go through all the major parts(401k,taxes, insurance etc.) "Steve's Retirement Cheat Sheet" I believe it's called. All the whats,whys and hows I'm doing things. Might save you some time and trouble watching my videos. Take care. Steve
@peterroper7471
13 күн бұрын
I’ll see if I can find your video and check it out, it’s nice to find people that talk about retirement, just to listen and learn from others is a great help man keep up the good videos man, it does help others to understand retirement, it takes the “scare “ out of the discussion
@BuzzRetirementGarage
26 күн бұрын
Always a good story from the Master.
@retirementcorner
26 күн бұрын
Just thinking out loud. Things weren't looking good when I retired. I was curious as to how I was fine retiring into it when others I know postponed their retirement. These things must have helped. Could have just got lucky also.😃 Doesn't matter I'm loving it now. Take care. Steve
@user-yu1cj8cy5f
28 күн бұрын
Thanks bubba so true, hey how's your garden harvesting this season? Give us a update when you get chance, our raised box's I made our doing phenomenal, thanks to your great design mister......lots of cucumbers.....
@retirementcorner
26 күн бұрын
Had a decent year. Lots of cukes and squash but about petered out now. Might pull them and get ready for some collards. Rough year for my tomatoes. I believe it was the weather. Real hot to start the Summer then got a good bit of rain. Had some blossom end rot and cracking. Lots of smaller ones this year but still good eating. Peppers are still going strong. Glad to hear yours has done well. Just a simple box and I added a sitting rail. "Lazy Gardening" I call it.😂 I'll get some shots of it soon. Thanks and Happy Gardening. Steve
@James-dk8kx
28 күн бұрын
Hey man i just found your channel loved your story i am 63 will be 64 in September September wanting to retire April or may but my biggest worry is health insurance insurance how are you doing without insurance and you came up with a plan that's costing you out of pocket ??
@retirementcorner
27 күн бұрын
I was able to carry my health insurance from work. I think it is expensive ($700/mnth) but my pension covers it and I have about $100 give or take left over. I looked at Obama care but decided against it. I did a flashback Friday video discussing all the options I looked at with the hows and whys I went the way I did. It's in a playlist I made called (Steve's Retirement Cheat Sheet) might be of some help for you. Health insurance is a big decision and keeps a lot form retiring when they want. My wife's birthday is in September . Give me a shout when you retire and the bell will be ringing for you. Take care. Steve
@calvinreichelderfer7989
25 күн бұрын
I also love being home. Home is the place to be.
@retirementcorner
23 күн бұрын
We're happy just hanging out here. It ain't much but we love it. Thanks. Steve
@Carnegiered52
14 күн бұрын
Retired a year ago at 60 with a pension that will always cover simple cost of living. Four months into retirement I was suicidal with regret, anxiety, uncertainty, etc. A huge loss of status, purpose and income. I foolishly allowed acquaintances and these “retire now” KZitem channels to influence my emotions. Biggest mistake of my life. Luckily I was able to find a little part time job that keeps me busy a few days a week. Best wishes to you all.
@retirementcorner
14 күн бұрын
Was a big concern of mine to be the same way. Biggest concern was getting bored and becoming depressed. Bad way to get. Retirement ain't for everybody just like anything else. It's a big adjustment and a totally different lifestyle than anything we've ever done. It ain't all about the money. You have to be ready for the mental part of it also and that's the hardest. You just never know how you're going to do in retirement till you retire. Glad to hear you found a way to change things around. Luckily I never ran into any problems.I had it easier than a lot. Never had any status or purpose. Just a factory flunkie. Thanks. Steve
@polish-american8107
21 күн бұрын
Good commentary
@retirementcorner
16 күн бұрын
Thanks. Just doing a little thinking out loud. Take care. Steve
@ronaldcurell2921
28 күн бұрын
if you fil to plan than you plan to fail.........great talk.
@retirementcorner
27 күн бұрын
Having an idea about things really helps calm the nerves. Even if the plan doesn't work you just adjust and go from there. At least you've got a starting point to work from. Kind of the way I saw it anyway. Thanks and take care. Steve
@FailureatRetirement
26 күн бұрын
Well done 👍🏼
@retirementcorner
24 күн бұрын
Thanks. Your house is looking great. I love that new roof. Redoing that concrete was a good idea. Trips and falls tend to be bad as we age so removing the hazards is smart. Going to be a nice place once it all gets done. You've got a nice place there I think you should give it a name. Maybe "Failure's Acres" or something fun like that. You could put up a sign over the driveway when you turn in. Like those ranches in old westerns. Take care. Steve
@FailureatRetirement
24 күн бұрын
@@retirementcorner thank you, I appreciate that. I love the Failure’s Acres idea too. I may have to do that someday.
@70qq
28 күн бұрын
🤘
@retirementcorner
27 күн бұрын
Thanks. Steve
@leisure057blank3
28 күн бұрын
Wow, you checked with a lot of people. Did you have to pay for all those appointments?
@retirementcorner
27 күн бұрын
Only one financial advisor and it was money well spent. I figured if they stopped me from making a mistake I got off cheap. Everything else was free. Just setup an appointment and discussed things for an hour or so. A lot of them will do that to try and get your business. Got a free one coming up in September from a different advisor than I currently use now. I turn 59.5 next year and looking at my options. Take care. Steve
@dorinatudisco1308
27 күн бұрын
Good idea to meet with a tax accountant. That for me is a bit of an unknown.
@retirementcorner
26 күн бұрын
It was for me also. I'm pulling from my 401k and have a small pension. Had no idea how our taxes would look in retirement. Went to our tax person and another just asking questions about it. Got a better understanding and saw how it all would work out. Kind of eased our concerns. Take care. Steve
@Red23165
28 күн бұрын
Hello buddy 😊
@retirementcorner
27 күн бұрын
Hello Red nice to hear from you. Just curious, where did you get Red from? Nickname, Actual name, Redheaded etc. My dad was redheaded and sometimes people would call him red. Thanks for watching and commenting. take care. Steve
@williamgainey4300
28 күн бұрын
My father had it made he retired under the first President Bush. I got screwed, I retired under Biden. Now Radical Harris will give us four more years of the same high gas prices, high grocery prices and high inflation America needs a strong President Go Trump. I am ready for my retirement to get better.
@retirementcorner
26 күн бұрын
Less than 90 days and we'll see what happens. Take care. Steve
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